Government issues "Letters of Offer" to Wang Fuk Court owners
The Government announced the long-term housing arrangement plan for Wang Fuk Court in Tai Po (long-term plan) on February 21, and further announced the follow-up arrangements for Wang Chi House on April 28. The Government stated today (May 14) that the issuance of "Letters of Offer" to Wang Fuk Court owners of Block A to H is now under way.
A Government spokesperson said, "After the announcement of the long-term plan, the Housing Bureau has been taking forward the acquisition work at full speed. The Engagement Team has reached out to owners of the eight blocks to explain the details of the plan and answer their enquiries. The Housing Bureau is also concurrently working on the drafting of the necessary legal documents, with a view to expediting the overall process and assisting affected residents in rebuilding their homes. The Government's acquisition offer provides a range of options, allowing owners to make the most suitable choice based on their own circumstances and needs."
"Upon receipt of the owners' duly signed 'Letter of Acceptance', the Government will make every effort to promptly assist in completing the Agreement for Sale and Purchase and the Assignment, taking into account the circumstances of each case. In particular, for owners who opt for cash payment, the Government will expedite the disbursement of funds upon completion of the transaction, enabling them to immediately make purchase arrangements in the private market or the secondary market of subsidised sale flats, or alternatively to participate in the subsequent Special Sales Exercise dedicated for Wang Fuk Court owners to acquire a new subsidised sale flat either by cash or under the 'Flat-for-Flat' arrangement," the spokesperson said.
The company, Wang Fuk Court Property Rights Acquisition Limited, established by the Government and wholly owned through the Financial Secretary Incorporated for the purpose of acquiring ownership of Wang Fuk Court, will send "Letters of Offer" by registered mail to the correspondence addresses provided by Wang Fuk Court owners, or deliver the letters in the manner requested by them.
Any owner who has not received the "Letter of Offer" by May 22, or has not previously provided contact details to the Engagement Team, may call the enquiry hotline for the Wang Fuk Court long-term housing arrangement plan at 2129 8133. The Government will follow up as soon as possible.
If the owners accept the acquisition offer, regardless of which option is chosen, they must return the duly completed and signed "Letter of Acceptance" enclosed with the "Letter of Offer" and return it to Wang Fuk Court Property Rights Acquisition Limited by using the enclosed return envelope (or other means as specified in the "Letter of Offer") on or before August 31, 2026.
As regards Wang Chi House, if three-quarters (75 per cent) or more of Wang Chi House owners sign the "Letter of Acceptance" on or before June 30, confirming their intention to sell, the long-term plan made by the Government will be formally available to Wang Chi House. Otherwise, the plan will not cover Wang Chi House. For owners who do not sign by June 30, 2026, but later decide to sell, they must also sign the "Letter of Acceptance" on or before August 31, 2026.
To encourage owners to accept the acquisition offer at an early stage, the flat selection priority under the Special Sales Exercise will be determined in batches according to the date on which the duly signed "Letter of Acceptance" from the owners is received. The deadline for the first batch is June 30, 2026, and the deadline for the second batch is August 31, 2026. The flat selection priority for applicants within the same batch will be further determined by their sequence as drawn in a ballot.
If owners have any enquiries regarding the "Letter of Offer" or require assistance in understanding the content, they may contact their designated Engagement Team member directly or call the above hotline at 2129 8133. The Team is pleased to provide appropriate assistance. The owners may also visit the dedicated website for the long-term housing arrangements for Wang Fuk Court (www.hb.gov.hk/wfc/) at any time for further details.
Wang Fuk Court, Photo by Bastille Post
